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Tag Archives: Governor Mutebile

BoU cuts interest rates, economy to grow at 3%

Kampala, Uganda | THE INDEPENDENT | Bank of Uganda has said Uganda’s economy will only expand by 3-4% this financial year, half the earlier projection of 6% as the impact of coronavirus hits home. In the April 2020 monetary policy statement, BoU Governor Emmanuel Tumusiime-Mutebile noted that this is because …

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MPs summon Mutebile over UGX 481 billion BoU capitalization

Kampala, Uganda | THE INDEPENDENT  | Parliament’s Finance Committee has summoned the Bank of Uganda Governor Emmanuel Tumusiime Mutebile to explain the continued recapitalization of the institution. This follows a fresh request by the Ministry of Finance to recapitalize the Central Bank with Shillings 481.7 billion Shillings in the coming financial …

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Charged BoU officials leave office

Kampala, Uganda | THE INDEPENDENT | Three Bank of Uganda employees charged in the anti-corruption court over a procurement scandal, have taken leave from office in line with the Public service rules that require a public servant to step aside, in the face of an investigation. The three officials are …

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BoU scandals linked to Mutebile succession-Katuntu

Kampala, Uganda | THE INDEPENDENT | The Bugweri County Member of Parliament, Abdul Katuntu, says there is need to address Governance issues in Bank of Uganda-BoU to curb scandals rocking the central bank. Katuntu, who chaired the Committee on Commissions Statutory Authorities and State Enterprise-COSASE, says there is a big …

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Mutebile tight-lipped on BOU procurement scam

Kampala, Uganda | THE INDEPENDENT | The Bank of Uganda Governor Emmanuel Tumusiime-Mutebile has refused to reveal the amount of money the institution was carrying into the country when extra pellets were discovered on a chartered plane. He also said he was not aware of the police investigations into claims of …

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Opondo maintains BoU scandal is not about extra currency

Kampala, Uganda | THE INDEPENDENT | Government Spokesperson Ofwono Opondo has dismissed a report that the ongoing investigation into a procurement scam involving the Central Bank involves the printing of extra currency by some Bank of Uganda (BoU) officials. Earlier media reports quoted Police Spokesperson Fred Enanga saying that Police …

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CID boss Grace Akullo takes over BoU procurement investigation

Kampala, Uganda | THE INDEPENDENT | The Police Criminal Investigations Director Grace Akullo has taken control of investigations on a procurement scandal involving top officials in the Central Bank. Police Spokesperson Fred Enanga said Akullo has been assigned to ensure that the investigation is thoroughly conducted to leave no stone …

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Detailed account in the BOU currency saga

Kampala, Uganda | THE INDEPENDENT | As Ugandans continue to digest what could have happened with the Bank of Uganda currency printing recently, a few details are trickling in. An official at the central bank says what alarmed the central bank is the extra cargo aboard the chartered plane that …

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